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Reddit Posts

r/CryptoMoonShotsSee Post

Hydra | A permissionless, open-source, proof-of-stake blockchain | Stake HYDRA to help maintain the network

r/CryptoMarketsSee Post

Opportunities and Challenges in RWA Tokenization

r/CryptoCurrencySee Post

Am I understanding the tax law in the US right?

r/CryptoMoonShotsSee Post

Cloudax - Web3 with SocialFi, P2P Crypto Trading and More

r/CryptoMoonShotsSee Post

Cloudax - Web3 with SocialFi, P2P Crypto Trading and More

r/CryptoCurrencySee Post

Lost 1.28M in Phishing Scam

r/CryptoMoonShotsSee Post

The $FAST token operates on a simple revolutionary principle: BASE price CAN ONLY go UP | Dive into this extraordinary Tokenomics | Doxxed | Next Moonshot 100x Gem |

r/CryptoMoonShotsSee Post

Fix the title to be this : "The $FAST token operates on a simple revolutionary principle: BASE price CAN ONLY go UP | Dive into this extraordinary Tokenomics | Doxxed | Next Moonshot 100x Gem |"

r/CryptoMoonShotsSee Post

The $FAST token operates on a simple revolutionary principle to ONLY go UP | Dive into the extraordinary | Next Moonshot 100x Gem |

r/CryptoCurrencySee Post

What does 'Have a Plan' look like?

r/BitcoinSee Post

Anyone who has digital residency... deposits and withdrawal process

r/CryptoCurrencySee Post

For those of you who have digital residency. How do you deposit and withdraw?

r/CryptoMoonShotsSee Post

Hurry up to become eligible for CONFIRMED $AEVO airdrop

r/CryptoCurrencySee Post

How to buy MANTA on DEX today?

r/CryptoCurrencySee Post

Chainlink CCIP Integrates Circle's CCTP to Support Cross-Chain USDC Transfers

r/CryptoCurrencySee Post

Blockchain Quiz - Intermediate/Advanced Level

r/CryptoCurrencySee Post

Wallets with USDC stablecoin grew by 59% in 2023 despite circulation drop

r/CryptoMoonShotsSee Post

If you are still using Coinbase, read this

r/CryptoCurrencySee Post

Cardano got it's own simple swap dex - over to Eth, Binance , SOL, and more. Brought to you by one of the OG Projects built with utility in mind. The CardanoCrocsClub has been delivering and growing their development team since 2021. You can utilize their crosschain Stable coin USDC4 (USDC Pegged).

r/CryptoCurrenciesSee Post

If you are still using Coinbase, read this.

r/BitcoinSee Post

USD Coin (USDC.BINANCE) Stock Price, Quote, News & Events - Stock Events

r/CryptoCurrencySee Post

USDC Stablecoin Issuer Circle Files for US IPO

r/CryptoCurrencySee Post

All my USDC were sent to burn

r/SatoshiStreetBetsSee Post

How Capital inflows Affect Assets like $SSB.

r/CryptoCurrencySee Post

Crypto.com isn't the worst, but they are WAY too inconsistent. Their most recent situation is customer support is non-contact for weeks, some say months and platform app and API malfunctioning due to server issues

r/CryptoMarketsSee Post

Solana Crypto 3 Reasons why January Holds Key Dont be FOMO Chaser

r/BitcoinSee Post

Coinpayments help

r/CryptoCurrencySee Post

Coinbase December Sweepstakes

r/CryptoMoonShotsSee Post

Snakes Game | LP Burn | Solana | Own Ecosystem | Closed beta test for Snakes Holders Only| | Low Mcap | Tax 0

r/CryptoMoonShotsSee Post

Snakes Game | LP Burn | Tax 0 | Solana | Own ecosystem | Closed beta test for Snakes holders only| | Low Mcap |

r/CryptoMoonShotsSee Post

Snakes Game | LP BURN | Solana | Own Ecosystem | Closed Beta Test For Snakes Holders Only| | Low Mcap | Next 1000x Moonshot For 2024

r/CryptoMoonShotsSee Post

Gorilla DeFi: Paving the Way in Presale with an Innovative Blockchain Mechanism | Earn & Shape

r/CryptoMoonShotsSee Post

Gorilla DeFi: Paving the Way in Presale with an Innovative Blockchain Mechanism

r/CryptoMoonShotsSee Post

Strike Finance PRESALE | ERC-20 | A DeFi Money Market Built On Ethereum | Rewards | Highest APY Rates On The Market | 10-100x Moonshot

r/CryptoMoonShotsSee Post

Gorilla DeFi: Paving the Way in Presale with an Innovative Blockchain Mechanism

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum | Highest APY Rates On The Market | Huge Rewards | Best New DeFi

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum | Rewards | Highest APY Rates On The Market | Best New DeFi For 2024

r/CryptoCurrencySee Post

Form 8300 and IRS Reporting

r/CryptoMoonShotsSee Post

Join The Presale | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum | Launching Soon

r/CryptoCurrencySee Post

Pacman's Blast L2 Reaches $1.1 Billion TVL Amidst Controversy and Excitement, may be a pyramid scheme

r/CryptoCurrencySee Post

So much hit and run happening in the Crypto scene these days. A guy just lost 52 Solana

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ETH Ecosystem | A DeFi Money Market Built On Ethereum | Launching Soon

r/CryptoMoonShotsSee Post

Join The Presale | Strike Finance | ERC-20 | Utility Token | A DeFi Money Market Built On Ethereum | Launching Soon

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ERC-20 | Ecosystem | A DeFi Money Market Built On Ethereum | Launching Soon

r/CryptoMoonShotsSee Post

Focus - The Crypto Social Network - Whitepaper

r/CryptoCurrencySee Post

Manta New Paradigm (confirmed) - I bridged, now what?

r/CryptoMoonShotsSee Post

PRESALE Live | Strike Finance | ERC-20 Utility Token | A DeFi Money Market Built On Ethereum

r/CryptoMoonShotsSee Post

$FANX the utility token taking on the creator economy, just surpassed ATH is still very low cap $4 million

r/CryptoMoonShotsSee Post

PRESALE | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum | Next 10-100x Gem?

r/CryptoCurrencySee Post

Binance is doing a rebrand. At the same time, Gov and banks are using the courts to manipulate Binance for their own purposes

r/CryptoMoonShotsSee Post

SALE | Strike Finance | ERC-20 | A DeFi Money Market Built On Ethereum

r/CryptoCurrencySee Post

Don't fall for Orbiter's "quests" they are basically robbing their customers.

r/BitcoinSee Post

Best exchange (or wallet) for DCA and is it possible to automatically transfer to hot wallet?

r/CryptoCurrencySee Post

Would Cardano and Graph be in your evergreen Top Ten?

r/CryptoMoonShotsSee Post

XPET - Pet / SocialFi 2.0 game built on Arbitrum

r/CryptoCurrencySee Post

Why I would never invest in SOL, but happy for the people who made their gains.

r/CryptoMarketsSee Post

Doge Coin Crypto 2 Simple Reasons Run is Not Over Yet

r/BitcoinSee Post

Does bitcoin mining still exist?

r/CryptoCurrencySee Post

AAVE Question: Why was I liquidated?

r/CryptoCurrencySee Post

Looking for a DAO maker tool that allows users to create ETF style funds

r/CryptoCurrencySee Post

Help me understand if I am being lied to by Circle

r/CryptoCurrencySee Post

2024 — The Year of Solana? USDC Issuer Circle Deployed EURC On Solana

r/CryptoMoonShotsSee Post

Introducing Lumin Finance

r/CryptoCurrencySee Post

Flutterwave, the leading unicorn in Africa, has announced its successful acquisition of money transfer licenses for 13 U.S. states. The company is in the process of launching USDC payment settlements in partnership with the Hedera (HBAR) blockchain.

r/CryptoMarketsSee Post

VALR Announces End-Of-Year Trading Competition with $10,000 USDC in rewards

r/CryptoCurrencySee Post

Actual Question and Potential Public Service Announcement

r/BitcoinSee Post

transfer bitcoin right now or wait for a greater peak?

r/CryptoMoonShotsSee Post

GoldPesa Mines |A cutting-edge decentralized game | GoldPesa Mines Fair Launch December 16th, 3:00 PM GST

r/CryptoCurrencySee Post

i’ve been using exodus for basically everything and getting wrecked on fees. How’s my new method?

r/CryptoCurrencySee Post

My empty Coinbase wallet appears to have received 200 USDC, with the account balance listing 113,800 USDC and a balance of $0. What was sent to my wallet?! Is this somehow a scam attempt?

r/CryptoCurrencySee Post

Seeking Advice: P2P Chats for BTC to USDC/USDT Exchang

r/CryptoCurrencySee Post

Circle And Nubank Team Up To Expand USDC Access In Brazil

r/CryptoCurrencySee Post

what happened 3rd of november, and are some of these CC not at all to be considered an investment object?

r/CryptoMarketsSee Post

Doge Coin CryptoCurrency $0.08 First Target Met Price Prediction Analysis why it is good news and Bitcoin matters

r/CryptoCurrencySee Post

Seeking Advice: How to pay a freelancer with USDC on Coinbase – Is that smart ?

r/CryptoCurrencySee Post

Pointless Coinbase Wallet Learn & Earn tasks

r/CryptoMoonShotsSee Post

Alvey - When someone tells you that even a small investment in this could change You Life With One Simple Purchase Would You?!

r/CryptoMoonShotsSee Post

Alvey - If you’re looking for a trusted project, a real team and a REAL business plan. Give one minute of your time with this message!

r/CryptoCurrencySee Post

Some information and facts about Stellar XLM and the SDex Decentralized Exchange

r/BitcoinSee Post

Random Coinbase drop ?

r/CryptoMarketsSee Post

Circle Partners with SBI Holdings to Boost USDC and Web3 Adoption in Japan

r/CryptoMoonShotsSee Post

Chappyz | AI powered plug-and-play protocol that helps build REAL community | BSC Gem

r/CryptoCurrencySee Post

Solana Weekly News Video: Phantom, Pyth Oracle, Epic Games, Circle USDC, SPL20, Anatoly and MORE!

r/CryptoMoonShotsSee Post

Chappyz | AI powered plug-and-play protocol that helps build REAL community

r/CryptoMoonShotsSee Post

Chappyz | AI powered plug-and-play protocol that helps build REAL community | $7m daily volume

r/CryptoMoonShotsSee Post

The GambleFi Thread - Here are four projects. Let's get an overview of this hot niche. Feel free to add your winners.

r/CryptoCurrencySee Post

Ways to leverage trade BTC / ETH without margin trading? Let's see!

r/CryptoMoonShotsSee Post

Let's talk GambleFi - Here are four cool projects. Please add more, so we can get an overview of this hot niche :)

r/CryptoCurrencySee Post

Easiest way to send/receive stablecoins (probably USDC) between friends and family?

r/BitcoinSee Post

Coinbase: no fees for buying or swapping USDC?

r/CryptoCurrencySee Post

Transferring and cashing out on large sum of USDC to Belgian bank account

r/CryptoCurrencySee Post

3 "NFT" arrived into my Ledger when I transfered Matic to my Ledger for the 1st time ever?

r/CryptoMoonShotsSee Post

GambleFi Projects - Where to place your bets? - Let's discuss

r/CryptoMoonShotsSee Post

GambleFi Projects - Where to place your bets? - Let's discuss

r/CryptoCurrencySee Post

Alchemy Pay Joins Stellar Ecosystem to Offer Ramp Service for Developers and dApps

r/CryptoCurrencySee Post

How to see ALL arbitrum uniswap pools so i can invest on them?

r/BitcoinSee Post

Tax Question

r/CryptoCurrencySee Post

NBA's Spencer Dinwiddie and Calaxy co-founder Solo Ceesay demo the app's new crypto payment feature. Sending crypto is as easy as sending a text message... live demo and the USDC was received in 3.47 seconds.

r/CryptoCurrencySee Post

Buying with a GBP fiat - implied FX costs

r/CryptoCurrencySee Post

HW Wallet Keystone 3 Pro should focus more on security - it is not in a good shape

Mentions

Any attempt to delegitimize tether by the US government was shattered when they took down Silicon Valley Bank and Signature bank, which most of the more tradfi institutions, as the most "legit" stablecoin issuer at the time (USDC), were using. That resulting in depegging of USDC, however brief, pretty much set the stage for usdt to continue to dominate

Mentions:#USDC

You get 5.10% interest on USDC held in Coinbase

Mentions:#USDC

How do people end up with USDC? What's it's purpose? If it just follows the USD in value then why not make your purchases with USD? I'm a pretty basic user so I'm certain there is more to this, but I typically make a bank deposit, then use the USD I just deposited to buy my BTC. But how do some of you end up with USDC?

Mentions:#USDC#BTC

This was a top tier saver for me once I saw someone else mention it. I buy USDC on regular mode for no fee and then buy btc/etc. on advanced mode.

Mentions:#USDC

It's a really good time. Defi space is growing and set to boom if the catalyst approve USDC. Today the blocks were so filled their was some slowing down in transactions, mostly due to the launch of Butane I believe.

Mentions:#USDC

Here is a simplification to a complex subject. It really depends on which stablecoin we are talking about. For something like USDC, it is fully centralized to a company - Circle. A US business can register to their website and, after verification, can then deposit US dollars into a Circle bank account. Once the dollars are received and financial crime checks are completed, Circle will create “mint” the USDC tokens on one of the ledgers they support, such as Ethereum or many others, into a custodial wallet that the business has with Circle. The business may then withdraw those tokens by sending them to any wallet on that ledger - either owned by them or by anyone else in a pseudo-anonymous manner (it’s all public). If any crimes are found and sanctioned by the government, Circle will add the sanctioned addresses to a deny list which will freeze the funds from transferring. If the address is removed from the sanction, Circle can remove the address and the tokens can then freely transfer again. If the company receives any USDC tokens back into the Circle custody wallet, they may request Circle to withdraw the money to their bank account. Circle will then wire the money to the bank account and “burn” the tokens. But the real magic is what Circle does when they receive dollars. Circle knows that the dollars they receive will likely sit for awhile until customers come back to withdraw. As such, they can place funds in U.S. treasuries which can generate yield - currently over 5% a year. This is how they generate substantial profit. If many customers come back to cash out their stablecoins, it may put a lot of durational risk on the financial institution left holding the U.S. treasuries. Many other stablecoin providers have similar, different approaches ranging from algorithmic baskets of items to outright fraud or scams. For this reason, it is important to see how and where they operate and with which licenses if any they may require depending on the nature of the underlying assets. Some stablecoins, such as DAI, have no deny list and are algorithmic in nature with over collaboration of underlying assets. This allows them to have the best stability, but may prove challenging to regulate — but behave nearly identical to cash but with digital qualities.

Mentions:#USDC#DAI

They have 5 billion in cash and their website says this. "USDC is backed by the equivalent value of US dollar denominated assets held as reserves for the benefit of USDC holders. Cash is held at regulated financial institutions. The portfolio of the Circle Reserve Fund, which can contain short-dated US Treasuries, overnight US Treasury repurchase agreements, and cash, is custodied at The Bank of New York Mellon and is managed by BlackRock.". Their Treasury fund has 25 billion in value.

Mentions:#USDC

Is there any documentation on what percent of USDC is backed by actual dollars?

Mentions:#USDC

There are two types. Algorithmic like UST (these are terrible) Pegged to assets DAI (pegged to crypto)  https://makerdao.com/en/whitepaper#introduction “Fiat” pegged stablecoins like USDC/Tether https://www.investopedia.com/terms/t/tether-usdt.asp Fiat ones are actually not 1:1. They print based off of market need. They are actually just certificates of deposits as they are primarily backed by Treasuries, bonds, etc They are also NEVER audited (they do “attestations” so no one ever knows if they’re actually 1:1 Finally, stablecoin issuers have agreements with banks and pay a fee to issue to the bank to issue the stablecoin

Mentions:#DAI#USDC

I should have added Lenfi, Book, etc.. lots of potential. Im not entirely sure how the synthetics will do, like INDY, if USDC comes..but have a small stack. Rather the algos win the war but a shot in the ass of USDC is what's needed right now. I'll still push for algos to win the war of stables.

Mentions:#INDY#USDC

As long as you trust Robinhood enough to allow you sell if and when you want to. I have 90% of all my crypto in cold storage with private keys. That way I can instantly swap to USDC at any moment without a middle man in the transaction.

Mentions:#USDC

When you send USDC off Coinbase to Metamask, it asks for a network to send it to. Send it to Arbitrum or Optimism, and the swaps there are only 10 cents and even cheaper in a few weeks. You just have to add the networks in metamask and head to uniswap.

Mentions:#USDC

Join chains like Optimism’s, Arbitrum’s, Base’s, & Polygon’s discord servers. Also hit up crosschain projects like Curve, Beefy’s, AAVE’s, & Frax’s servers. Once you joined those & after you learn what they’re doing start branching out to chain specific liquidity hubs project servers & learn about them. Then join the servers of the projects that use those hubs & learn about them. Research all the intertwined partnerships & six degrees of separation & next thing you know your flywheelin & LP chain hopping. Warning this can be extremely addictive & you need a game plan to enter & exit. I suggest choosing ETH/USDC as your liquidity vehicle to traverse throughout EVM chains. If you can’t get there easily you can’t leave easily ETHER. Also TVL & transactions/fees are food. Lacking TVL & transactions you’ll starve to dEaTH. Chain has less than $100 milly TVL pass or gamble. Don’t fall in love with a coin, but it’s ok to have a long term relationship with one. Don’t be afraid to pull out ETHER vs being somebody else’s coincuck.

If you don’t need it immediately, park it at Coinbase for 5.1% APY on USDC maybe. It’s basically just be a savings account in digital dollars but at a great rate of return.

Mentions:#USDC

Circle dropped tron because nobody used USDC on tron. Its volume was about 3% of USDT on tron.

Mentions:#USDC#USDT

Bruh. It's not that deep. USDC had almost zero volume on Tron. USDT has half of its volume on Tron. Calm down lol

Mentions:#USDC#USDT

USDC/ARB, starting from $1 (for example) it went up 140% then pulled back 30%. By your logic, that would be a bigger pump and dump than rain coin. Starting at $1 Rain went up 1670% then pulled back 30%. lol

Mentions:#USDC#ARB

USDC/ARB in Ramses CL

Mentions:#USDC#ARB

Correct. I will expand to say that in most cases, the price of the coin is estimated from a liquidity pool. A liquidity pool is a smart contract which maintains a ratio of two different assets and allows a swap between them. For example, an Ethereum/USDC liquidity pool might have 50% Ethereum and 50% USDC based on the current market price. If the price increases, someone who wants to can buy the Ethereum for cheaper, resulting in less Ethereum. Once all the arbitrage is gone, the ratio will again be 50% Ethereum and 50% USDC based on market value. In the case of a scam token, a similar liquidity pool is often created. In this case, the scammer can put up whatever amount of token they like. If they want a high price, then they put a small amount of the scam token and a large amount of another token. They can control most of the supply of the token, so others don't have much of the token to sell, making the effective price really high. If they can convince others to buy the token at the high price and to add liquidity to the pool, then the amount of other tokens available in the pool will increase. When they want to pull the rug and complete the scam, all they do is sell all of their massive supply of the scam token into the pool. This allows them to extract almost the full supply of the other token which is present in the pool. At that point, the pool is full of the scam token and has very little of the other token, so the value which will be calculated is extremely low as you described.

Mentions:#USDC

This should be pinned to the top. USDC (Circle, Coinbase) is at war with USDT (tether, Binance).

Mentions:#USDC#USDT

That all depends on your definition of money. What you said about ETH also applies to receiving US dollars for me, considering there is a change rate between US dollars and euros, and euros is the currency of my country. A lot of people in the sphere consider ETH money as well, disregarding its change rate with USD. There is also USDC and USDT, both easily used to buy ans sell crypto directly, which are guanteed (provided the companies issuing them do have the backings) the value of a US dollar, and therefore can also be considered money.

The only thing indicating that the USDT issued is worth $1, is the $1 worth of the currency it is swapped with. So long as demand for tether exists, it’s coins have values. If demand ends, those USDT cannot be exchanged back into real US dollars via Tether (unlike with USDC and Circle). You’d have to find someone who would be willing to pay you the USD in exchange. In the case of a depegging, there is no guarantee someone will pay you full or any value for it. This is why it’s important that stablecoins are backed 1:1 with their real life peg.

Mentions:#USDT#USDC

The truth is we don’t exactly know why as, like you said, their responsives have been ambiguous. A good theory is that it is because Tron is as centralized as it gets. Sun controls the entire exchange and their T-chain. There are many rumors with lots of supporting evidence suggesting price manipulation and artificial volume on the network. These orchestrated pump and dumps can risk stablecoin stability. Stablecoins are depegged by a cent or two (sometimes even 5c) whenever there are tons of sellers or buyers at once. This can be manipulated as a slightly depegged stablecoin can be used to continuously buy and sell at non true dollar value. I imagine USDC, and now USDT, don’t want to be associated with the risks of such swings and such centralization.

Mentions:#USDC#USDT

Oh yeah sorry, what I meant was that USDC did it first right? Citing some very ambiguous risk reasons and now USDT "won't confirm nor deny" doing the same. Was just curious if anyone knew why Circle did it first with USDC.

Mentions:#USDC#USDT

USDT is run by Tether. USDT and USDC are two different things... Now we've both said things that are true but aren't answering OPs question.

Mentions:#USDT#USDC

#TRON Pro-Arguments Below is a TRON pro-argument written by a deleted user. > ##**PROs** > > **Disclaimer**: There is little reliable information about Tron that isn't from Tron DAO or Justin Sun interviews. The official [Tron DAO Medium](https://trondao.medium.com/) site doesn't provide links to sources in the blog, making it harder to fact check and analyze. Many of its sources are from Weibo posts that are inaccessible beyond the Great Firewall of China. Tron's documentation and community posts provide way less information than that of other major blockchain projects. Nevertheless, I'm make do with what I can get. > > ####**Performance and Consensus** > > **High throughput and fast finality** > > Blocks are produced every 3s with a max size of 2M bytes. Consensus is completed using DPoS with a fault tolerance of 70% (9/27) Super Respresentatives that act as validators. There are over 350 SR/validator candidates who vote on the 27 SRs each 6 hours. > > - **High Throughtput**: **Tron can reach a max throughput of 2600 TPS with full 2M blocks** and its current balance of actual transactions, which is really high for an EVM-compatible blockchain. > - My calculations used [Tronscan data](https://tronscan.org/#/blockchain/blocks): Basic TRX and token transfers use 250-500 Bandwidth. The current average bandwidth for each transaction is currently 298, which is not that much higher than the lower end for basic transactions. > - Each bandwidth is 0.850 bytes, so you can fit 7800 average transactions in a single 3s block. Tron officially claims that it can reach 2000 TPS, so they're giving a conservative estimate. > - Even filled with 350-550 bandwidth swaps for [SunswapV2Router02](https://tronscan.org/#/contract/TKzxdSv2FZKQrEqkKVgp5DcwEXBEKMg2Ax/transactions), that's 1400 TPS on the lower end. That's way faster swaps than [everything other than Algorand](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581). > - The tradeoff is that consensus is highly centralized (only 27 validators), and that the validators have very high requirements like having 32 CPU cores and 64GB of memory. > - In comparison, Ethereum's Layer 1 in comparison, can only do ~15 TPS average (59 TPS for basic transfers, 7 TPS for Uniswap v3 swaps). > - **Fast Finality in 3s**: All 27 SRs are currently playing friendly with each other, so for all practical purposes, finality is in 3 seconds. (Deterministic finality occurs every 27 blocks, or 81 seconds). > > **Network Energy usage** > > Tron's estimated annual energy usage for 2022 is estimated to be 1.7 kWh, or the **energy usage of [15 average US households](https://decrypt.co/108115/tron-network-energy-use-matches-that-of-15-us-households-ccri-report)**. This puts it slightly lower than the consumption of Avalanche, Algorand, Cardano, and Solana's networks. Its carbon footprint is also 4x lower than the others. And it uses 100000x less energy than Bitcoin. > > ####**Ease of Basic Utility** > > **Transaction fees are covered for FREE by freezing TRX** > > Tron has a unique design for transaction fees instead of using gas. Transactions fees are divided into bandwidth (pays for data bytes) and energy (pays for computations). All transactions require bandwidth while only contracts need energy. > > The benefit is that you get **FREE bandwidth and energy by freezing TRX**, a process similar to staking. You currently receive about 28 energy and 1 bandwidth daily [per frozen TRX](https://tronstation.io/calculator). Basic smart contracts use 350 Bandwidth (requires freezing 330 TRX) and 14.7K energy (requires staking 520 TRX). At current TRX prices, **if you freeze $2500 worth of TRX, you could perform 100 free basic transactions daily**. In addition, each account receives [1.5 kb of bandwidth daily](https://developers.tron.network/docs/resource-model) (originally 5 kb) for free even without freezing TRX, which is good for ~5 transactions. Though I suspect users can abuse this by creating new accounts. > > Any transaction fees in excess of the free energy and bandwidth are burned. This is why TRX is **currently deflationary by ~0.3% annually** (excluding burns for the USDD minting process). > > **Settlement layer for Tether** > > According to Blockchain's [Sep 2022 interview with Justin Sun](https://podcasts.apple.com/us/podcast/exploring-tron-with-justin-sun-and-blockchain-com/id1536699961), **the original purpose of Tron was to act as a stablecoin settlement network and reserve network for Tether** (USDT). Sure enough, the bulk of DeFi on Tron's network deal with stablecoins. As of Sep 2022, [45% of Tether is now held on Tron](https://defillama.com/stablecoin/tether). And with Ethereum transaction fees being so high, Tron has become an attractive platform for USDT dApps. > > ####**DeFi Usages** > > **Smart Contracts** > > Tron's VM (TVM) is EVM-compatible and uses Solidity for the smart contract language. It is also Turing-complete. Thus, it's simple to rewrite EVM contracts for TVM. > > - **Tron's [DeFi TVL is massive at $5.4B](https://defillama.com/chains), putting at 3rd place after Binance Smart Chain**. > - Though it is a bit suspicious though that 99% of Tron's DeFi TVL are on 3 projects that are literally named after Justin Sun, though that could just be because it's very new. In comparison, Ethereum's DeFi is spread over hundreds of dApps. > - Tron SUN's [Liquidity Pool](https://sun.io/#/home) provides very high interest for USDD-USDT pairs at 5-70% APY. Back in June-July, you could gain triple-digit APY on Tron DeFi with stablecoins while the governance rewards boosts were still active. > > ####**Sustainable Tokenomics for TRX** > > - TRX's tokenomics have a steady, permanent issuance for validators, so it's **sustainable**. All transaction fees are burned. This isn't too different than Ethereum's tokenomics model (other than that Ethereum only burns part of the fee). > - TRX has a total circulating supply of about 92B, which is noticeably lower than their highest supply of 102B before the TRX-to-USDD minting protocol. TRX suddenly became [deflationary on Oct 27, 2021](https://tronscan.org/#/data/stats2/circulation). Supply has fallen about 10% since then due to token burns, making **TRX one of the most deflationary cryptocurrency in the top 30**. > - If we ignore the token burns from USDD minting, each day, ~5M TRX is minted, ~6M is burned (from transaction fees). **This gives net issuance of 1M TRX burned daily, or 0.3% annual deflation.** > > **Good TRX price action during the bear market** > > Tron's native token, TRX, is currently #15 in marketcap as of Sept 2022 with a [marketcap of $6B](https://www.coingecko.com/en/coins/tron). Its value has held up surprisingly well during the bear market, barely falling 50% while the rest of cryptocurrencies fell closer to 70-90%. **TRX is up 2x vs Bitcoin over the past year** during the bear market, pumping especially hard right around the launch of USDD and introduction of major staking and governance boost projects. > > ####**USDD, a hybrid stablecoin without UST's flaws?** > > **USDD is a hybrid collateralized/algorithmic (seigniorage) stablecoin** launched in May 2022 on Tron's network. It is one of the biggest focuses on the Tron roadmap. It was originally designed as a purely-algorithmic stablecoin based on Terra's now-failed Luna and UST stablecoin. After the collapse of Luna UST, the Tron DAO Reserve (TDR) made several changes to USDD to avoid a similar failure: > > **Differences between UST and USDD** > > 1. The biggest difference is that USDD is 300% collateralized with 11B TRX, 14K BTC, 100M USDT, and 1M USDC [Source](https://usdd.io/). **This makes USDD one of the most collateralized stablecoins.** In comparison, DAI is only 120% collateralized, and USDT and USDC are only 100% collateralized. > 1. TDR controls how much USDD can be minted or redeemed, so it's not purely algorithmic. Thus, TDR has full power to stop it from crashing. > 1. USDD will be released in multiple phases. The current phase only allows for a minting of 2B USDD. This is to limit USDD from growing astronomically quickly like with UST. [[Source](https://trondao.medium.com/improving-usdd-from-lessons-learned-e2600d7f94ad)] > 1. You're probably wondering what's the catch. There is a Peg Stability Module (PSM) that allows minting of USDD by burning TRX. You can current burn TRX for minting USDD, but **you cannot redeem USDD for TRX** [[source](https://twitter.com/TheImmutable/status/1536930692344401921)]. There is no liquidity on any of the [PSM smart contracts](https://docs.usdd.io/psm/the-psm#psm-contracts) to trade USDD for anything else. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

#Tether Pro-Arguments Below is a Tether pro-argument written by Blendzi0r. > *First published on: \[*[30.09.2021](https://np.reddit.com/r/CryptoCurrency/comments/og1s24/rcryptocurrency_cointest_top_10_category_tether/hewpzqt/)*\]* > > *Last edited on: 19.09.2022* > > # Intro > > Tether (USDT) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDT is currently the largest stablecoin. \[1\], \[2\], \[3\] > > # Pros > > **It’s the most popular and oldest stablecoin** > > Tether was launched in 2014 as Realcoin and renamed to Tether the same year \[1\]. It’s the first successful stablecoin. For many years, it had completely dominated the stablecoins market and despite the recent growth of other stablecoins, mainly USDC, Tether is still the biggest and most popular stablecoin. As of September 2022, its market cap shrinked against USDC's market cap in recent months, but its volume still tends to be much higher (according to coinmarketcap, on 19.09.2022 it was 12x(!) higher). In fact, USDT’s trading volume is unmatched by any other cryptocurrency. \[1\] > > It is also worth pointing out that more than 80% of stablecoins launched in 2015 are now gone and USDT is still here, despite its bad press. \[4\] > > **It has most trading pairs** > > The market cap and volume speak for themselves – Tether is the most popular stablecoin. There are very few exchanges that don’t accept USDT and all major coins have trading pairs with USDT. Even Coinbase, which is responsible for Tether’s rival stablecoin – USDC, lists Tether on its exchange (since May 2021). \[5\] > > It is also backed by several international currencies and, therefore, allows people in different countries purchase coins that they otherwise wouldn’t be able to get. > > **It was declared dead many times but, just like Bitcoin, it's alive and kicking** > > There are many controversies around Tether. Perhaps the most concerning one is whether USDT has its reserves fully backed. Many critics believe that Tether isn’t fully backed and if many investors were to redeem tethers at the same time, there would be no liquidity \[6\]. Situations when people redeem tokens en masse usually should happen during market crashes. In the last 4 years we had three significant market crashes – in 2018, in March 2020 and in May 2021. USDT survived all of them. > > It has also survived losing almost 25% of its market cap in a short time - from May to July of this year. > > **The latest breakdowns of the reserves is a step in the right direction** > > Tether had been criticized for lack of transparency (and rightly so) for many years. In May 2021, for the first time since 2014, Tether finally gave us an insight into their reserves. The first report was rather disappointing as it turned out that barely 3% of the reserves are made-up by cash. Moreover, 65% of the reserves were made-up by commercial paper and there were no details about the type of the commercial paper. \[7\] > > However, the reports from August and December 2021 looked much better \[8\]: cash and cash equivalents made up more than 80% of the reserves, more than 10% of which were cash and bank deposits, +/- 30% were treasure bills (they are considered very safe assets) and they provided more details – the reports included information about the rating and breakdown of maturity of the commercial paper and certificates of deposit. The reports were on pair with those of USDC. > > **USDT is centralized. But is it so bad in the case of a stablecoin?** > > Decentralization is essential for cryptocurrency. But so is replacing fiat. So is decentralization that important in the case of a stablecoin? > > The fact that USDT is centralized also allowed it to do good things on many occasions. It returned USDT sent to wrong addresses and cooperated with law enforcement officials and blocked/froze addresses that used USDT for illegal activities. \[9\], \[10\] > > ^(Sources:) > > ^(\[01\]) [^(https://en.wikipedia.org/wiki/Tether/(cryptocurrency)](https://en.wikipedia.org/wiki/Tether/(cryptocurrency)) > > ^(\[02\]) [^(https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf)](https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf) > > ^(\[03\]) [^(https://en.wikipedia.org/wiki/Stablecoin)](https://en.wikipedia.org/wiki/Stablecoin) > > ^(\[04\])[^(https://papers.ssrn.com/sol3/papers.cfm?abstract\\\\id=3835219)](https://papers.ssrn.com/sol3/papers.cfm?abstract\id=3835219) > > ^(\[05\]) [^(https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2)](https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2) > > ^(\[06\]) [^(https://www.theverge.com/22620464/tether-backing-cryptocurrency-stablecoin)](https://www.theverge.com/22620464/tether-backing-cryptocurrency-stablecoin) > > ^(\[07\]) [^(https://tether.to/wp-content/uploads/2021/05/tether-march-31-2021-reserves-breakdown.pdf)](https://tether.to/wp-content/uploads/2021/05/tether-march-31-2021-reserves-breakdown.pdf) > > ^(\[08\]) [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > ^(\[09\]) [^(https://decrypt.co/41920/tether-uses-centralized-power-refund-million-usdt)](https://decrypt.co/41920/tether-uses-centralized-power-refund-million-usdt) > > ^(\[10\]) [^(https://cryptopotato.com/tether-freezes-1-7m-in-usdt-stolen-in-yearn-finance-exploit/)](https://cryptopotato.com/tether-freezes-1-7m-in-usdt-stolen-in-yearn-finance-exploit/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Mentions:#USDT#USDC

Is USDC reliable?

Mentions:#USDC

tldr; Tether has not confirmed or denied plans to cease support for the Tron network following Circle's decision to stop minting its stablecoin on Tron. Tether emphasized its commitment to compliance and the safety of its supported transport layers. The company's statement came after Circle announced it would end minting USDC on Tron, citing efforts to ensure USDC's trustworthiness. Tether, the largest stablecoin issuer, has over half of its USDT tokens issued on the Tron network. The company also addressed a UN report linking USDT on Tron to cyber fraud, highlighting its efforts in freezing assets linked to crime. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

The cash is in an account directly linked to the account I use to pay bills. It serves as an immediately available “shock adsorber” for sudden emergencies. It earns practically zero interest. The USDC earns 7% yield and can be swapped for bitcoin almost instantaneously. I stay away from stocks and bonds or any investment that fits in the middle of Taleb’s Barbell. That is the no-go zone and potentially the most exposed to a black swan event. 

Mentions:#USDC

Could you explain the difference between having cash and USDC? Aren’t they directly related to each other? I’m unfamiliar with USDC. Why keep cash vs something like FDLXX? The potential of “breaking the buck” deter you from keeping in something like this?

Mentions:#USDC

Layering. I keep my Emergency Fund as follows:  $5000 cash, fully exposed to inflation; 70% in yield-earning USDC on Stellar earning 7% APY; 30% Bitcoin.  I use a barbell strategy so stocks and bonds are out. 

Mentions:#USDC

Decentralized RWA's has been tried, it just wasn't called RWA's back then. It was called synthetics. It's highly risky. Unless you can convert the traditional asset 1:1 I will never partake. USDC is already an RWA, PAX Gold, etc.

Mentions:#RWA#USDC

Cool. And what % of that is with USDT vs USD? What you have linked is the TOTAL volume including USDT/USDC/TUSD/FDUSD and every other stablecoin.

It is interesting that today USDC announced they are pulling out of tron. They only had 4% of the volume of USDT on tron but the cited their 'risk management framework' ​ >As part of our risk management framework, Circle continually assesses the suitability of all blockchains where USDC is supported. Our decision to discontinue support for USDC on TRON is the result of an enterprise-wide approach that involved the business organization, compliance and other functions across our company. This action aligns with our efforts to ensure that USDC remains trusted, transparent and safe - characteristics that make it the leading regulated digital dollar on the internet

Mentions:#USDC#USDT

USDC volume on tron was about 4% of USDT volume.

Mentions:#USDC#USDT

tldr; US Federal Reserve Governor Christopher J. Waller discussed the impact of cryptocurrencies on the dollar's global dominance at a conference. He argued that cryptocurrencies, particularly through the use of stablecoins pegged to the dollar, actually reinforce the dollar's position rather than threaten it. Waller highlighted that the majority of crypto transactions are conducted in terms of dollars, and the prevalence of stablecoins like USDT and USDC serve as modern equivalents of the dollar, further solidifying its status. Despite discussions on de-dollarization and the rise of alternative currencies, Waller remains confident in the dollar's continued dominance in global reserves and international transactions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Tron users use USDT. Asia uses USDT. Not surprising they didn't go for USDC. Wonder if they hate on usdc as much as we hate on tron and usdt.

Mentions:#USDT#USDC

tldr; Circle, the issuer of the USD Coin (USDC) stablecoin, announced it will discontinue support for USDC on the Tron blockchain in a phased transition, effective immediately. This decision is part of Circle's risk management framework, aiming to ensure USDC remains trusted, transparent, and safe. Customers can transfer their USDC to other blockchains until February 2025, and retail users can move their USDC on Tron using exchanges. Despite this, Tron's native TRX tokens remained steady in value. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Question, would it not be easier to just convert to USDC when it hits your price and then slowly transfer the USDC out of the exchange as fiat?

Mentions:#USDC

Pretty sure the way to go is bridging / moving your coins to an L2 compatible with most major exchanges (so pretty much Polygon / Arbitrum / Optimism), trade to USDC, then transfer it to a cold wallet. Then you send the coins from there to exchanges to cash out. If they lock the account for further verification, at least you already sold, and your funds will be safe. You just need to get it to your bank account in time to pay taxes the following year...

Mentions:#USDC

tldr; In the last 12 hours in the crypto world, several significant events occurred: Beam announced the release of its $FP token, Immutable partnered with TapNation, Mito Finance teased details about the $QUNT token, Inspect launched Season 1 Rewards, Polygon ID introduced Dynamic Credentials, Metis revealed plans for an L2 revenue sharing model, Optimism distributed over 10M $OP in its fourth airdrop, Circle announced it will end support for $USDC on Tron, Xai Foundation partnered with LayerZero, Stellar launched Protocol 20 and smart contracts, and Ethena's $USDe reached $300M TVL in two days. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Meta mask is easy. The wallet supports both networks. You just add BNB network to the wallet and there is an internal bridge. You can swap BNB tokens for USDC or Eth into your eth network side. It’s very straight forward.

Mentions:#BNB#USDC

#Algorand Con-Arguments Below is a Algorand con-argument written by a deleted user. > ####**Smart contracts are not yet trustless** > > EVM blockchain explorers (like EtherScan) allow smart contract creators to publish and verify their smart contract code. This allows users to trustlessly audit them and interact with them in a safe and decentralized way. > > In contrast, Algorand's blockchain explorers do not show verified code. At most, they only show [decompiled code](https://algoexplorer.io/application/971388781), through which you can only guess how the smart contract works. And there's no method to interact with them trustlessly. You have to trust the developer's app. > > ####**Small dApp community** > > Algorand TVL is [currently only $240M](https://defillama.com/chains). Even an L2 rollup like Arbitrum has 4x its TVL, and Ethereum is 340x times larger. > > Algorand only generates [$100k of revenue from transactions fees annually](https://tokenterminal.com/terminal/projects/algorand). That's enough to pay for 1 engineer's salary. > > It also doesn't help that Algorand's smart contract interpreter, AVM is very different than Ethereum's EVM, so there's a barrier to switch from Solidity to PyTeal. > > ####**Algorand CEO Staci Warden has a history of immature tweets** > > * That mysterious [NIKE](https://u.today/algorand-ceo-debunks-nike-partnership-details) tweet which turned out to be nothing > * [Tweeting like a teen with bad grammar](https://twitter.com/StaciW_DC/status/1568607639717957634) about losing USDC on Hodlnaut. And why are they even storing important Foundation funds on a CeFi platform in the first place? > > ####**Low Decentralization** > > Algorand has 2500 participation nodes, but there are several other metrics that tell a different story. > > * **Very few nodes actually participate in consensus**: Over the past 7 days (~150k blocks), only [190 voters participated in consensus](https://metrics.algorand.org/#/decentralization/). Unlike Ethereum, in which EVERY staking validator participates in Casper FFG consensus, Algorand [picks voters based on their stake](https://developer.algorand.org/docs/get-details/algorand_consensus/#the-algorand-consensus-protocol), and only a few are included in their leader and voting committees. > * **Relay Nodes**: Algorand Foundation manages a secret list of relay nodes responsible for forwarding transactions to the participation nodes. It's fine as long as there are a few honest relay nodes not censoring blocks. What's concerning is that the Algorand Foundation [used to publish a number of 100-120 relay nodes](https://np.reddit.com/r/AlgorandOfficial/comments/ku4brb/algorand_relay_nodes_public_data/), but they have since scrubbed all information about the number and identity those relay nodes. > > **Governance is for unimportant decisions on reward distributions, not for protocol updates** > > Algorand often markets that it has governance. But [the elections have only been used to vote on community rewards distribution](https://governance.algorand.foundation/), and they're very minor changes. Governance is also coordinated entirely the Algorand Foundation. > > I have never found any information voting being used for Algorand updates, which suggests that there is no public vote for protocol-level decisions. > > ####**Questionable long-term economic sustainability of its security model** > > **Constantly-changing plans** > > As much as I like Algorand's technology, its tokenomics suck. The more I study Algorand's tokenomics, the more I feel that it's a decade-long rug pull. > > First, the Algorand Foundation keeps changing the rewards system and tokenomics model: > > * They attracted node runners (early relay nodes) with billions of dollars of rewards, set to last until 2024. > * They attracted stakers and participation nodes with rewards to last until 2022. > * They then attracted community participation with Governance rewards starting in late 2021 that is currently scheduled to run out in 2030. > * At one point, there were discussions about re-introducing rewards for community relay nodes after community complaints. > > I compare their documentation with [my previous notes](https://np.reddit.com/r/MPlankton/comments/v16v7v/algorand_research_may_2022_draft/) from mid 2022, and many of the links they originally published have been replaced. Their notorious "Long Term Algo Dynamics" page, referenced as the "[New, Longer Term Algo Dynamics Model](https://www.algorand.foundation/news/new-algo-dynamics-overview)" is now old. It redirects to [a new, new model](https://www.algorand.foundation/tokenomics) which still doesn't fix their tokenomics. They seem to be changing decisions on a whim, chasing after whatever gets the most bad publicity at the time. > > **No Plans after 2030** > > Algorand Foundation's plans for [long-term economic sustainability](https://forum.algorand.org/t/serious-lack-of-transparency-and-engagement-of-algorand-foundation/2385/10) have been put off until 2030. It originally designed for Algo's 10B supply to be distributed over 6 years, with relay nodes being rewarded until 2022. That plan was scrapped and remade in Dec 2020 to extend the deadline to 2030 with rewards for relay nodes to last until 2024. There are no plans for sustainable rewards past 2030, and Algorand's tokenomics is a ticking time bomb. > > **High Inflation** > > Algorand's circulating supply has uneven inflation due to an accelerated vesting schedule. The actual circulating supply inflation was 141% in 2020, an insanely-high 433% in 2021, and 12.7% in 2022 [source](https://messari.io/asset/algorand/chart/sply-circ). The silver lining is that accelerated vesting is now over, so inflation will be [~5% over the period of 2023-2029](https://assets-global.website-files.com/62835f42aef969049eba0806/62cc37d101a3d91afc30efca_December%202020%20Algo%20Dynamics.pdf), assuming the 10B max supply holds. > > ####**Revenue too low to sustain security** > > Algorand only produces [~$100K annually from transaction fees](https://tokenterminal.com/terminal/projects/algorand), which isn't enough to cover the annual salary of single engineer. If they want to support their current 100 relay nodes, they'll likely need 100x the current fees unless everyone is super nice and **working for free**. > > **Relay Nodes** are maintained by a consortium of early investors, VCs, Universities, and other non-profits until 2024. These are being paid for through multiple rounds of massive grants totaling at least 2.5B Algo (worth billions of USD). Algorand is still the covering costs for future decentralized Relay Nodes through its [Community Relay Node Program](https://www.algorand.foundation/news/community-relay-node-program). > > It currently costs [$5-10K/year to run a cost-effective relay node on AWS](https://np.reddit.com/r/AlgorandOfficial/comments/o4on6e/run_a_relay_node_on_aws_cost_estimation/). Algorand's $100K in annual revenue from transaction fees is enough to cover a single relay node with 1 engineer. It's unsustainable. Do they think that relay node providers, each currently paid $5M annually on average, are going to stick around when they're suddenly no longer getting paid? > > **Participation nodes** are responsible for consensus and don't get paid anything. They have moderately-high [hardware requirements](https://developer.algorand.org/docs/run-a-node/setup/install/): 16GB memory, 100GB NVMe SSD, 1 Gbps dedicated Internet. > > They don't get paid any rewards, and I'm skeptical how reliable that can be with their hardware, energy, and personnel costs. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

Mentions:#CEO#DC#USDC

Check which assets exists in Coinbase which can be sent by the BNB Chain. If for example, Coinbase accepts USDC deposits from the BNB Chain (BEP-20), you can just swap your BNB for USDC and then send it to your Coinbase account. Remember to always leave some BNB to pay for txns

Mentions:#BNB#USDC

USDC if you plan on putting it back in

Mentions:#USDC

#Avalanche Pro-Arguments Below is a Avalanche pro-argument written by cryotosensei. > > 1. Avalanche is a good layer-1 blockchain, which will offer an alternative to Ethereum mainnet and layer-2 solutions. Its less-than-2-seconds finality is superior to that of other blockchains. > 2. Avalanche makes possible the interoperability of blockchains as it allows for speedy transfers of Avalanche and Ethereum assets between blockchains. This is because of the availability of the Subnet-Ethereum Virtual Machine that lets developers create their own programmable EVM-compatible blockchain. > 3. Avalanche has a growing DeFi ecosystem. Last year, the Avalanche Foundation rolled out Avalanche Rush, a $180M liquidity mining incentive program and successfully wooed AAVE and Curve - two significant protocols - to launch on it. > 4. As such, Avalanche has attracted keen interest from both traditional institutional giants and crypto firms. Grayscale is considering it; Celsius allows investors to earn interest on it. FTX now accepts USDC in AVAX. Even 1inch network has expanded its limit order protocols to AVAX. > 5. Avalanche has goals that it is working steadily towards, which could inspire investor confidence. To solidify its niche in subnets, it has rolled out a dedicated Avalanche Multiverse program. DeFi Kingdoms is the first subnet to receive financial support through this program. Aside from subnets, it is funding creative projects through its Culture Catalyst Fund. A joint partnership with Web3 social media platform Op3n, this fund has decided on its first recipient, Grimes, who intend to launch an intergalactic children’s metaverse book on both platforms. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find submissions for other topics.

I'm sporadic. Sometimes $100. Sometimes $200. Sometimes $500. I kinda try to time the market on when the stock market opens for the week and what direction I think it's going. I know, I know. Not true DCA, but I seem to be making it work. Dropped in $200 @ $51.3k today. I set a limit buy on CB Advanced and if it hits, it hits. If not, that's okay. I have a bunch of USDC sitting in there for buys then transfer to wallet.

Mentions:#DCA#USDC

Just used Ethereum L1 for the first time in over a year and I see it's still as horrible a user experience as ever: * receive airdrop worth $200 * pay $20 in gas fees to claim airdrop * pay $6 in gas fees to approve token spend * pay $30 in gas fees to swap for USDC * pay $36 in gas fees to bridge the remaining $108 to a functioning network The irony is that the airdrop is from a project claiming to make Ethereum L2s more efficent and yet they launch their token on L1.

Mentions:#USDC

# What options do you know for staking FDUSD stablecoin ? There's plenty of options available for the main stablecoins like USDT or USDC. But what about FDUSD ? It's the #4 stablecoin by market cap and there's almost no options for staking out there that I could find. There's Binance Earn but it's not available in many countries due to regulations.

#Algorand Con-Arguments Below is a Algorand con-argument written by a deleted user. > ####**Smart contracts are not yet trustless** > > EVM blockchain explorers (like EtherScan) allow smart contract creators to publish and verify their smart contract code. This allows users to trustlessly audit them and interact with them in a safe and decentralized way. > > In contrast, Algorand's blockchain explorers do not show verified code. At most, they only show [decompiled code](https://algoexplorer.io/application/971388781), through which you can only guess how the smart contract works. And there's no method to interact with them trustlessly. You have to trust the developer's app. > > ####**Small dApp community** > > Algorand TVL is [currently only $240M](https://defillama.com/chains). Even an L2 rollup like Arbitrum has 4x its TVL, and Ethereum is 340x times larger. > > Algorand only generates [$100k of revenue from transactions fees annually](https://tokenterminal.com/terminal/projects/algorand). That's enough to pay for 1 engineer's salary. > > It also doesn't help that Algorand's smart contract interpreter, AVM is very different than Ethereum's EVM, so there's a barrier to switch from Solidity to PyTeal. > > ####**Algorand CEO Staci Warden has a history of immature tweets** > > * That mysterious [NIKE](https://u.today/algorand-ceo-debunks-nike-partnership-details) tweet which turned out to be nothing > * [Tweeting like a teen with bad grammar](https://twitter.com/StaciW_DC/status/1568607639717957634) about losing USDC on Hodlnaut. And why are they even storing important Foundation funds on a CeFi platform in the first place? > > ####**Low Decentralization** > > Algorand has 2500 participation nodes, but there are several other metrics that tell a different story. > > * **Very few nodes actually participate in consensus**: Over the past 7 days (~150k blocks), only [190 voters participated in consensus](https://metrics.algorand.org/#/decentralization/). Unlike Ethereum, in which EVERY staking validator participates in Casper FFG consensus, Algorand [picks voters based on their stake](https://developer.algorand.org/docs/get-details/algorand_consensus/#the-algorand-consensus-protocol), and only a few are included in their leader and voting committees. > * **Relay Nodes**: Algorand Foundation manages a secret list of relay nodes responsible for forwarding transactions to the participation nodes. It's fine as long as there are a few honest relay nodes not censoring blocks. What's concerning is that the Algorand Foundation [used to publish a number of 100-120 relay nodes](https://np.reddit.com/r/AlgorandOfficial/comments/ku4brb/algorand_relay_nodes_public_data/), but they have since scrubbed all information about the number and identity those relay nodes. > > **Governance is for unimportant decisions on reward distributions, not for protocol updates** > > Algorand often markets that it has governance. But [the elections have only been used to vote on community rewards distribution](https://governance.algorand.foundation/), and they're very minor changes. Governance is also coordinated entirely the Algorand Foundation. > > I have never found any information voting being used for Algorand updates, which suggests that there is no public vote for protocol-level decisions. > > ####**Questionable long-term economic sustainability of its security model** > > **Constantly-changing plans** > > As much as I like Algorand's technology, its tokenomics suck. The more I study Algorand's tokenomics, the more I feel that it's a decade-long rug pull. > > First, the Algorand Foundation keeps changing the rewards system and tokenomics model: > > * They attracted node runners (early relay nodes) with billions of dollars of rewards, set to last until 2024. > * They attracted stakers and participation nodes with rewards to last until 2022. > * They then attracted community participation with Governance rewards starting in late 2021 that is currently scheduled to run out in 2030. > * At one point, there were discussions about re-introducing rewards for community relay nodes after community complaints. > > I compare their documentation with [my previous notes](https://np.reddit.com/r/MPlankton/comments/v16v7v/algorand_research_may_2022_draft/) from mid 2022, and many of the links they originally published have been replaced. Their notorious "Long Term Algo Dynamics" page, referenced as the "[New, Longer Term Algo Dynamics Model](https://www.algorand.foundation/news/new-algo-dynamics-overview)" is now old. It redirects to [a new, new model](https://www.algorand.foundation/tokenomics) which still doesn't fix their tokenomics. They seem to be changing decisions on a whim, chasing after whatever gets the most bad publicity at the time. > > **No Plans after 2030** > > Algorand Foundation's plans for [long-term economic sustainability](https://forum.algorand.org/t/serious-lack-of-transparency-and-engagement-of-algorand-foundation/2385/10) have been put off until 2030. It originally designed for Algo's 10B supply to be distributed over 6 years, with relay nodes being rewarded until 2022. That plan was scrapped and remade in Dec 2020 to extend the deadline to 2030 with rewards for relay nodes to last until 2024. There are no plans for sustainable rewards past 2030, and Algorand's tokenomics is a ticking time bomb. > > **High Inflation** > > Algorand's circulating supply has uneven inflation due to an accelerated vesting schedule. The actual circulating supply inflation was 141% in 2020, an insanely-high 433% in 2021, and 12.7% in 2022 [source](https://messari.io/asset/algorand/chart/sply-circ). The silver lining is that accelerated vesting is now over, so inflation will be [~5% over the period of 2023-2029](https://assets-global.website-files.com/62835f42aef969049eba0806/62cc37d101a3d91afc30efca_December%202020%20Algo%20Dynamics.pdf), assuming the 10B max supply holds. > > ####**Revenue too low to sustain security** > > Algorand only produces [~$100K annually from transaction fees](https://tokenterminal.com/terminal/projects/algorand), which isn't enough to cover the annual salary of single engineer. If they want to support their current 100 relay nodes, they'll likely need 100x the current fees unless everyone is super nice and **working for free**. > > **Relay Nodes** are maintained by a consortium of early investors, VCs, Universities, and other non-profits until 2024. These are being paid for through multiple rounds of massive grants totaling at least 2.5B Algo (worth billions of USD). Algorand is still the covering costs for future decentralized Relay Nodes through its [Community Relay Node Program](https://www.algorand.foundation/news/community-relay-node-program). > > It currently costs [$5-10K/year to run a cost-effective relay node on AWS](https://np.reddit.com/r/AlgorandOfficial/comments/o4on6e/run_a_relay_node_on_aws_cost_estimation/). Algorand's $100K in annual revenue from transaction fees is enough to cover a single relay node with 1 engineer. It's unsustainable. Do they think that relay node providers, each currently paid $5M annually on average, are going to stick around when they're suddenly no longer getting paid? > > **Participation nodes** are responsible for consensus and don't get paid anything. They have moderately-high [hardware requirements](https://developer.algorand.org/docs/run-a-node/setup/install/): 16GB memory, 100GB NVMe SSD, 1 Gbps dedicated Internet. > > They don't get paid any rewards, and I'm skeptical how reliable that can be with their hardware, energy, and personnel costs. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

Mentions:#CEO#DC#USDC

This is basically my strategy. If an altcoin doubles in value I sell 10-20 % into USDT/BTC depending on some other factors. The more established the altcoin is the less I sell. Of course I will not do this anymore once we have peak euphoria in 2025. Then I will just sell bigger chunks and hope for the best. The money put away can then be used to buy more once the next big dip is coming (again, not in 2025 obviously). Or you can use the extra money to buy other coins you always wanted to get. Of course that way I will miss out on some profits but overall limit the risk and have an easier time finding an exit point. All or nothing strategies are not really what I am after because no one can reliably time the top. With BTC and ETH I wont sell anything before 2025 and even then I will never sell all of my BTC. Ideally I want to sell about 50 % into a mix of USDT/USDC and 1 other stablecoin (not sure which one) and then start to use that money to DCA in in late 2026 once the prices have crashed.

Fiat hell no. Take profits by swapping to USDT or USDC, wait for some big dips to buy back.

Mentions:#USDT#USDC

Any idea what services are those? Cause apparently some of my USDC was transfarred directly 0x6f167B86443D04f4b1705A0c78b6cC6Ac691e381 to this address yet I am not aware I accessed or did transactions/approvals to any dapp.

Mentions:#USDC

Never use regular Coinbase. You must set up regular purchases for USDC, then sell that, and purchase bitcoin in the advanced trading mode. The spread in Coinbase will rip you off.

Mentions:#USDC

>Backpack’s SOL/USDC trading pair is currently the most traded Solana spot trading pair in the world, with over $890 million in 24-hour trading volume. Doesn't FTX have to dump a ton of SOL to settle their bankruptcy suit? Could these two things be connected?

Mentions:#SOL#USDC#FTX

Thanks, followed your advice and went all in on USDC, now just to sit back and wait for it to go parabolic.

Mentions:#USDC

tldr; Sui (SUI) has seen a significant rise in its DeFi ecosystem, with its total value locked (TVL) nearly tripling since the start of 2024, surpassing Cardano and Aptos. SUI's price has also recovered by 390% from its lowest point. The growth is attributed to the adoption of its decentralized applications (dApps) and a 3637% increase in stablecoin TVL, primarily driven by USDC. This marks a notable achievement for the Layer-1 blockchain, indicating a strong performance and potential for further growth in the decentralized finance sector. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

I just can't explain Nexo. They have higher APY than Celsius, BlockFi, and Hodlnauts, and yet they're the ones that survived. How does Nexo manage to stay alive and make higher than the 15% APY it's offering on USDC and USDT?

Mentions:#USDC#USDT

What most people fail to grasp about governments is that they are horrible at building things. Good at destroying things though. With that in mind, I think CBDCs are already here under our nose. Circle can freeze USDC in an individual eth address and on every other smart contract platform it has been issued on. Cardano is having a hell of a time trying to get them to issue on their blockchain... because the token layer isn't meant to be able to do that. Even if the bug eaters don't end up picking USDC, they will pick another stable coin(s) built by people that are actually capable of building shit then "regulate" everything else out of existence.

Mentions:#USDC

Why wouldn't they? It could become very popular. If Epic Games makes an "EpicCoin" where all their games have the same marketplace, and that coin can also be swapped for BTC or USDC or whatever, that's something a lot of people might be on board with.

Mentions:#BTC#USDC

I was under the impression OP was talking about directly listing CBDCs. Like the literal actual CBDC being on a DEX. Not just *I have $X CBDC and will make some wrapped CBDC derivative like USDC or USDT*.

I set a daily deposit into USDC in Coinbase and then place an order for whatever I want in my portfolio that day. Usually something that has dropped by a fair amount or not run yet.

Mentions:#USDC

They could be super ripping you off but... I use their*Direct Deposit* option. They give you bank routing #s and you can use your job's payroll system to direct some move from each of your paychecks there. I use it to buy USDC and USD-USDC conversions have no spread or fees applied. The are no shenanigans to be bad. Even then, my deposits happen in different days and times. Generally between 7pm Wednesday and 7pm Thursday, but by no means is it the same time, same day, every time. They could be scamming you but it could just be whatever random time the money hits or something. Have you checked a chart and confirmed that you're getting top ticked every time?

Mentions:#USDC

Compound V3 is also reliable, USDC only

Mentions:#USDC

Exactly, if you want the mindless auto buy, do it. I like it, I don’t care, I just always want to be converting fiat into BTC even when I’m not thinking about it. I also use the CB Visa card for all my cash(USDC) purchases, get 0.5% back in BTC. If BTC is 50k and CB1 is selling it to you at 52k. Does it really matter if you plan to hodl for as long as possible? No! Auto stack them sats n fogeddaboudit!

Mentions:#BTC#USDC

I think SOL is great The ETH roadmap seems like a dead end to me. Stuff like USDC having two tokens on most L2's and it being easy to lose your money using the wrong one is just laughable UX. SOL has one of the best UX and thats all that matters I think

They don't have some magic way of collecting the transaction fees from the on chain transaction, which is the fee that lightning can reduce in certain circumstances. They earn income by collecting a fee when the currency is automatically converted to USDC, and which they can do with any currency regardless of the network fees.

Mentions:#USDC

If Kraken is your main exchange, use the networks that they support for USDC. It's not hard to bridge and swap between networks though.

Mentions:#USDC

#Tether Pro-Arguments Below is a Tether pro-argument written by Nostalg33k. > # Tether, criticized but stable. > > ​ > > Tether is always the bane of all jokes. USDT despite some problems of transparency is still the best stablecoin. Let's dive in. > > ​ > > # What is a USDT or Tether: A Stablecoin > > While we argue about USDT maybe you need a reminder: USDT is a cryptocurrency (it is on blockchains and works through these digital un-modifiable ledgers) and its value is correlated to a currency which is the dollar. Therefore the name Stablecoin. While this cointest is about Tether, you need to understand the advantages of stablecoins. > > While we are waiting for a cointest about stablecoins as a whole, here is the jist of it. > > 1) Stablecoins allow you to trade without returning to your fiat. > > Stablecoins are a way to circumvent profit declarations. Trading crypto is already complicated as it is, trading crypto is very fast paced and trading crypto relies on stablecoins. The reliance on stablecoin is due to taxable events: Selling a part of your folio for fiat leads to a taxable event. If you are not planning to put money out or to try to get your losses written as a loss (which may backfire later but you do you) then you should rely on stablecoins. Trading in a USDT pair does not (yet) create a taxable event. So go yolo out there ! > > 2) Fast paced liquidity which is digitally managed by a blockchain. > > Stablecoins have the advantages of being highly liquid and being secured by blockchain. > > 3) Swapping for a stable dollar value on your Ledger. > > If you are a fan of DEX, these platform do not have a fiat ramp, so if you want to go back to a dollar valued coin which is not suffering from unstable market conditions => stablecoins. > > # The main argument is liquidity. > > While trust in Tether is lacking, anyone knows that you can transit by Tether without risking a depeg. Users have seen UST and other stable coins crumble while Tether stays standing. With a daily volume close to its circulating supply, you can trust USDT if you have to buy it or sell it. Some will be sold and bought as you need it. > > [The data of this stablecoin is showing that you can trust it](https://coinmarketcap.com/currencies/tether/) > > # The backbone of the industry. > > If you want to support the Crypto industry as a whole, USDT is the stablecoin to hold. By holding USDC you are propping up Coinbase and Bitcoin, by holding BUSD you are propping up Binance. USDT is universal right now. It is the common stablecoin which is on all platforms. Yes it has links with bitfinex but it is more generalized than other stablecoins. > > ​ > > # Nice Staking rates for small bag holders. > > A lot of platforms such as [Binance](https://www.binance.com/en/earn/usdt) offer good rates for staking USDT. Which means that you can be paid for supporting the crypto industry as a whole. This staking is safer than other cryptos since your main investment stays pegged to the dollar which has been shown to be the ultimate commodity in our inflationary cycle. > > ​ > > # Tether like any crypto can be sent from a user to another. > > USDT can be your way to send money to your friend. USDT is free to move (you still have to pay the blockchain fees). This part can be a way to on-ramp your friend into the crypto ecosystem. You can send them some money on their newly created wallet and show them the way stablecoins work. > > ​ > > # Conclusion: Advantages of a stablecoin and of market domination makes Tether the best one. > > Often people are speaking about USDT saying it should crumble under its own weight. They don't realize that the volume of USDT is so high that a large part of the market cap is actually exchanging hands. If tomorrow 20 billions or more are slashed directly from people's pockets this would create the biggest bloodbath in crypto history. Tether has become to huge to fail and its liquidity makes it the best one for users. > > It has all the advantages of a stablecoin and you should be able to trust it. It has existed for nearly 10 years and will surely exist for 10 years more ! ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Turn it into USDC to lock gains. Use USDC to get BTC when it's down and bearish.

Mentions:#USDC#BTC

Well, price targets are difficult to predict, a lot is possible and totally speculative. As retail, all we can look is to look at fundamentals, and they are grim: 1. Cardano didn't deliver. It doesn't scale. TPS is low (even if we add the EUTXO thing), the finality with 10minutes is atrocious. It gets clogged and becomes barely usable very easily. The safety model is nonsensical and no future proof, at 100% load Cardano can't even pay enough to its own nodes and stakers. Smart contracts are still very limited, they can't even build a USDC-like products on it. All that after 7 years! 2. The founder. Hoskinson has rather a poor reputation outside the ADA bubble. Starting with his infamous ETH career where he got kicked out, and has been often called narcissistic liar. His another project called Bitshares also failed. Known for his lack of technical competency, he lied about being a PhD student. He never built something which is actually being used outside of meme coins speculation. 3. Midnight. Hoskinson has already another coin(s) in the pipeline. Yep, he allocated resources into development of a new coin, despite the endless delays of ADA. Known for his greed, he will likely look for ways to tap into the liquidity of ADA and syphon it into his new blockchain, where he once agains owns a considerable share of the supply. Summing it up, ADA can go up to 3-5$ without issues (difficult that it goes above, consider the market cap size), but at the same time it is a risky coin due to it lack of technological capabilities, which would attract serious builders and meaningful use cases. It is likely that Cardano is gonna be left behind and other blockchains get the partnerships. At the same time, IOG + Hoskinson plan to launch a new coin, and will likely stop to promote ADA once the Cardano's governance is launched. If crypto is risky, then ADA is just Russian roulette at this point

Mentions:#USDC#ADA#ETH

Yes, up to 16% on USDT, 14% on USDC, depending on the loyalty tier. Their USDX also has up to 15% APY.

Coinbase works in US for USDC, does the job, user friendly app

Mentions:#USDC

COINBASE earn 5% holding USDC

Mentions:#USDC

Which market should I use on AAVE for USDC? Is Polygon good or should I use another one?

Mentions:#AAVE#USDC

I use Coinbase, they only do USDC but I keep all my dip cash in that. They do free conversion from FIAT to USDC.

Mentions:#USDC
r/CryptoCurrency